VALUE Excel Formula

Author Zaheer    Category Formulas     Tags ,

Nowadays, most of the companies are utilizing the program Microsoft Excel in order to calculate and systematize data. Most companies are involved in financial matters. In order to efficiently use Microsoft Excel in calculation, it is essential to be familiar with the VALUE function. This is one most important function in Excel when it comes to computation, especially in conversion.

Before discussing the function, it is better to understand first what a VALUE is. It is identified as something that can be utilized in computing. It converts the text version of a numeral to a certain number and basically takes it as a numeric figure. This program is primarily utilized to acquire well-suited applications with other spreadsheets.

In terms of numbers, it can be in a form of scientific notation, decimal, currency, percentage and many others, depends on the desired things needed. In Microsoft Excel, the value function work just the same. However, in order to get the right value, right formula should be done first.

VALUE function in Microsoft Excel converts text representation of a certain figure towards a number and return to be numerical data. Most of the time, the function is utilized for compatibility with the other applications of spreadsheet. The value is not written in the formula because the Excel instantaneously converts the txt to the needed type.

How to Perform the Value Function in Microsoft Excel?

The value function syntax is Value(text). Text is the value to convert. To give instruction on how to do it, the following are the procedures:

  • Upon knowing the syntax of the function determine the value desired to convert into number. The value can be typed enclosed the quotes or reference to a certain cell.
  • Give text constant time or date format, which is accepted by Excel. Once the value of the text is not in the format accepted by the Excel the result is #VALUE.

The value function can be utilized through the given samples:

  • VALUE(“13”) = 13. In this, the text illustration “13” was change to number 13.
  • VALUE(“13.4)”) = 13.5. In here, the function changed the text “13.5” to a certain number, plus the decimal portion.
  • VALUE(“7854 oranges”) = #VALUE. With this, the function was error. It is because even if the 7854 are numbers, oranges are not variable. So, the result will be error value.

These are the basic examples for value function in Microsoft Excel and for complicated conditions, study the following:

  • VALUE(“$5,263”) = 5263. Since Excel could recognize the dollar sign, it converted the number, without the dollar sign.
  • VALUE(“15:30:00”) – VALUE(“12:00:00”) = 0.1. The Value function recognizes these texts as times and change them to their equivalent serial numbers. The difference of the two times is 3 hours and 30 minutes or 1/10 of a day, thus giving an answer of 0.1

These are the ways on how to use the value function during complicated times. The only thing to keep in mind while doing the Excel function is to make sure that all the values or texts are written in the formula recognized by the program. Because once it is not, expect to gain an error and see the remarks #VALUE.

When using the VALUE functions and you obtain #VALUE as the answer, the first thing that you need to do is to check the formula or command you typed in. In most cases, the written formula is the one incorrect. Therefore, to input the correct one, analyze the keyed in formula. Also, make sure that Excel accepts all the symbols that were used because it could also affect the result. Change everything that was found incorrect and continue the process up to the time you get the correct value.

If you are using Microsoft Excel for calculation purpose, it would be very useful if you understand the Value function because it could help you a lot in converting certain values. As much as possible learn the different symbols and values that are recognized by Excel in value function to avoid miscalculation. Moreover, learn also the other possible functions that you can use to convert values in Excel. There are still lots of functions available for different conversions and various Excel problems. Once you are able to study all those functions, you are able to effectively used Microsoft Excel on your calculation problems.

Post comment